As more weak economic data comes out of the US, including uncertainty regarding the fiscal cliff, and concerning developments emerge from the Middle East, the price of gold rose today as a safe-haven for worried investors.
Gold is seen as a safe investment in times of uncertainty; a primary factor in current record-high gold prices. Does this mean everyone should hoard gold and keep cash at a minimum? It depends; gold has been an excellent investment over the past few years, but most people keep gold in the form of jewellery and other collections, if these are items you’re not interested in keeping or have lost their usefulness or fashion, cashing in at record-high prices does make a lot of sense! #VancouverGold